Katoro Gold Share Discussion Threads

[tonytony4] 15/12/2020 13:01

Next up is Haneti exciting times ahead imo.

[edgein] 15/12/2020 12:59

Tony agreed, not many companies can increase their M&I by 216% after a pretty minimal spend, drilling multiples holes to several metres. Consistent grades across the tailings too from about 0.3-0.33g/tn. No wonder LC realises the impact these numbers will have on the ongoing funding process. This RNS just reinforces the company making nature of this project to a little £6m company. Awesome stuff. If I wasn't sitting on so many KIBO and KAT now I'd have dusted my wallet off in that dip. It amazes me the low volumes here though, the market is oblivious to the impact of Bylvoor, let alone the company's planned campaign on Haneti.

Regards,
Ed.

[qs99] 15/12/2020 12:59

£6m market cap with firming up of a "216% increase in combined Measured and Indicated Resource to 84.3 Mt @ 0.32 g/t (876,000 oz.) representing approx. 62% of total restated resource"

approaching 1m oz, who knows, may get there in measured and indicated once production starts. What value on that peeps?

DYOR

[grahamwales] 15/12/2020 12:57

Increased measured in 6&7 is excellent news those 2 dams will provide the majority of revenue/profits which could potentially means overall cost/oz could come down.

[qs99] 15/12/2020 12:53

Looks v. good IMO, for a company that owns a decent slug of those ounces of gold....DYOR

[tonytony4] 15/12/2020 12:48

Imo buyers will be moving in now. Gla

[grahamwales] 15/12/2020 12:40

Looks really good at first glance 100% up on the first dam :-)

[edgein] 15/12/2020 12:30

Now that the M&I has significantly strengthened next step will be financial close:

"Louis Coetzee, Executive Chairman of Katoro, said: "The technical development of the Blyvoor Project, supporting the rapidly advancing funding process, has now reached the critical final stages where new and historical work is integrated and optimised. The preliminary resource update results have exceeded expectations with a c. 10% increase in the total resource, but most importantly, with a c.62% component of the total Blyvoor Project resource (all the TSF's) now in the Measured and Indicated category.

"A further extremely positive indicator is the expected future conversion of c. 90 - 94% of the total diluted resource for TSF 6 and 7 to a Potential Proven and Probable Reserve. Additional resource upgrade work for the remaining TSF's is not necessary at this stage and will be conducted once the Blyvoor Project goes into production as part of ongoing production planning.

"As we have always believed in the viability of this project, the preliminary results reported in this RNS support our initial assessment and will significantly progress ongoing funding initiatives."

Regards,
Ed.

[edgein] 15/12/2020 12:28

Wow look at the jump in measured and indicated in the new resource totals! Lovely stuff!

Regards,
Ed.

[grahamwales] 15/12/2020 11:18

Market makers using a UT to look like bid has dropped again. Fkg legalised crooks.

[grahamwales] 15/12/2020 09:43

At a guess I would say everything is complete apart from company incorporation. Don’t think we will hear anything until that is finalised.

[tonytony4] 15/12/2020 08:55

Gold making a move higher. I wonder how the JV financing is being finalized.. waiting patiently

[grahamwales] 14/12/2020 15:45

Someone picked up those 500k already lol

[tonytony4] 14/12/2020 15:03

MMS happy to take stock. Hopefully someone may kick themselves for selling out early.

[grahamwales] 14/12/2020 14:59

Looks like they managed to spook someone though lol.

[grahamwales] 14/12/2020 14:50

2.27 to sell 2.39 to buy price hasn't changed.

[grahamwales] 14/12/2020 14:48

Market makers chucking in false sells again tut tut.

[grahamwales] 14/12/2020 09:11

Blyvoor Gold Processing?

Could be the JV name.

[tonytony4] 11/12/2020 12:26

Looks like mms might be short of stock.. news cannot be far imo..

[tonytony4] 11/12/2020 11:52

Must be getting close.

[uknighted] 11/12/2020 10:48

gw I took the opportunity to buy more GGP this morning.

With regard to LC, most brokers notify shareholders of upcoming AGMs and provide the facility for nominee holders to vote. This hasn’t happened with kibo because, I am informed, they are based in Eire - hence the nominal value of the shares is € based.
Additionally LC puts placings with his allies at very competitive prices which allow them to make a decent turn on them and no doubt said beneficiaries will look after him.
I therefore regret that it is likely that he will survive.
There is no way he can be re-elected on his past performance, IMO.

[grahamwales] 11/12/2020 10:29

UK

Do you think LC will survive, I guess he will have too many friends in there to vote against him. But would be good to have a shake up over there he may think twice over here then.

[uknighted] 11/12/2020 10:21

gw I’m still around, lurking in the shadows. Despite having accumulated a very valuable holding in GGP the shares will still be with me in 12 months time when I expect them to have doubled. In the meantime the new GGP ‘kid on the block’ is Scallywag.
I don’t need to liquidate my kibo and Kat holdings, I am prepared to run with these also. The Kibo AGM is Monday.

[grahamwales] 11/12/2020 10:12

UK

It is just my opinion. Just seeing if you still around :-)

[uknighted] 11/12/2020 10:02

gw you are welcome to your opinion, my opinion is that GGP are now way underpriced. Sometime before the middle of January we WILL get news from GGP which will take their share price to a new level.